Cavium Inc (CAVM) Given Average Recommendation of “Hold” by Analysts

Cavium Inc (NASDAQ:CAVM) has received a consensus recommendation of “Hold” from the twenty analysts that are presently covering the company, Marketbeat Ratings reports. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $79.83.

Several research firms recently commented on CAVM. Jefferies Group set a $79.00 price target on Cavium and gave the stock a “buy” rating in a research report on Thursday, October 19th. Stifel Nicolaus boosted their price target on Cavium from $68.00 to $81.00 and gave the stock a “hold” rating in a research report on Thursday, February 1st. Benchmark lowered Cavium from a “buy” rating to a “hold” rating in a research report on Monday, November 20th. Needham & Company LLC reissued a “buy” rating and set a $78.00 price target on shares of Cavium in a research report on Thursday, November 2nd. Finally, Loop Capital reissued a “buy” rating and set a $81.00 price target on shares of Cavium in a research report on Thursday, November 2nd.

Shares of Cavium (CAVM) traded up $0.97 during trading hours on Wednesday, hitting $86.17. The stock had a trading volume of 752,400 shares, compared to its average volume of 1,179,996. The company has a quick ratio of 2.27, a current ratio of 2.87 and a debt-to-equity ratio of 0.81. Cavium has a 1-year low of $56.96 and a 1-year high of $90.83. The stock has a market cap of $5,941.16, a PE ratio of -84.48, a P/E/G ratio of 2.12 and a beta of 1.33.

Cavium (NASDAQ:CAVM) last issued its earnings results on Wednesday, January 31st. The semiconductor provider reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.02. Cavium had a positive return on equity of 14.28% and a negative net margin of 7.00%. The business had revenue of $260.36 million during the quarter, compared to analysts’ expectations of $260.05 million. During the same quarter in the previous year, the business earned $0.56 EPS. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. research analysts expect that Cavium will post 2.14 EPS for the current year.

In other Cavium news, VP Anil Kumar Jain sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $85.90, for a total value of $730,150.00. Following the transaction, the vice president now directly owns 91,616 shares of the company’s stock, valued at approximately $7,869,814.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 4.65% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Frontier Capital Management Co. LLC raised its position in shares of Cavium by 581.0% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 820,499 shares of the semiconductor provider’s stock valued at $54,104,000 after purchasing an additional 700,015 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Cavium by 23.5% in the 3rd quarter. Fisher Asset Management LLC now owns 916,197 shares of the semiconductor provider’s stock valued at $60,414,000 after purchasing an additional 174,209 shares in the last quarter. Verition Fund Management LLC acquired a new position in shares of Cavium in the 2nd quarter valued at approximately $320,000. Russell Investments Group Ltd. raised its position in shares of Cavium by 31.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 663,843 shares of the semiconductor provider’s stock valued at $43,774,000 after purchasing an additional 158,866 shares in the last quarter. Finally, Alyeska Investment Group L.P. acquired a new position in shares of Cavium in the 3rd quarter valued at approximately $10,873,000. 95.28% of the stock is currently owned by institutional investors.

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About Cavium

Cavium, Inc is a provider of integrated semiconductor processors that enable intelligent processing for wired and wireless infrastructure and cloud for networking, communications, storage and security applications. The Company’s products consist of multi-core processors for embedded and data center applications, network connectivity for server and switches, storage connectivity, and security processors for offload and appliance.

Analyst Recommendations for Cavium (NASDAQ:CAVM)

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